Agenda

Compliance Workshops

2021 Compliance Workshops Agenda

Times listed are Eastern Time Zone

Thursday, November 4

11:30 - 11:50am

Welcome, Regulatory and Legislative Update: General Session 

IAA staff will provide the latest updates on SEC and other key regulatory and legislative developments from Washington, DC. 

  • Gail Bernstein, General Counsel, IAA
  • Neil Simon, Vice President, Government Relations, IAA

11:50am - 12:50pm 

SEC Regional Offices: Concurrent Breakout Sessions

Senior staff from the SEC’s Regional Offices will discuss current SEC examination priorities for investment advisers. 

Breakout 1 (Midwest and South):

  • Atlanta
  • Chicago
  • Fort Worth
    • Marshall Gandy, National Associate Director, Investment Adviser/Investment Company Examination Program, Senior Officer and Associate Regional Director, Fort Worth Regional Office
    • Louis A. Gracia, Associate Regional Director, Examinations, Chicago Regional Office
    • Edward McConnell, Assistant Regional Director, Examinations, Atlanta Regional Office
    • Sarah A. Buescher, Associate General Counsel, IAA

Breakout 2 (Northeast):

  • Boston
  • New York
  • Philadelphia
    • Mark Dowdell, Assistant Regional Director, Examinations, Philadelphia Regional Office
    • Kevin M. Kelcourse, Associate Regional Director, Examinations, Boston Regional Office
    • Arjuman Sultana, Assistant Regional Director, Examinations, New York Regional Office
    • Gail Bernstein, General Counsel, IAA

Breakout 3 (West):

  • Denver
  • Los Angeles
  • San Francisco 
    • Kurt L. Gottschall, Regional Director, Denver Regional Office
    • Erin E. Schneider, Regional Director, San Francisco Regional Office
    • Michele Wein Layne, Regional Director, Los Angeles Regional Office
    • Monique S. Botkin, Associate General Counsel, IAA

12:50 - 1:00pm 

Break

1:00 - 1:15pm 

Key Takeaways from SEC Sessions: General Session

1:15 - 2:00pm

Implementing Effective Policies and Procedures to Comply with the New Marketing Rule: General Session

With a little over a year to go before advisers must comply with dramatic changes to the ways they market their services to investors, learn about significant provisions of the Marketing Rule that will require changes to your current advertising and solicitation activities, policies and procedures, and controls. Take away best practices to implement for the first time the use of client testimonials, endorsements, past specific recommendations, third-party ratings, and much more. Be ready to develop communication and training plans for content creators.

  • Michael B. Koffler, Partner, Eversheds Sutherland LLP
  • John D. Pollard, Jr., Global Chief Compliance Officer, EJF Capital LLC
  • Laura L. Grossman, Associate General Counsel, IAA

2:00 - 2:15pm

Break

2:15 - 3:00pm

Presentation of Performance Under the New Marketing Rule: General Session

The new Marketing Rule includes, for the first time, specific provisions relating to performance advertising. This session will help you prepare to calculate and present performance in marketing materials within the new parameters. Gain tips for laying the groundwork to implement changes to your controls regarding specific types of performance advertising, including: 

  • The new requirement to include 1-, 5-, and 10-year returns
  • Calculating and presenting gross and net returns with equal prominence
  • Methodology around related, extracted, and hypothetical performance
  • Recordkeeping
  • Portability of predecessor performance
    • Lance C. Dial, Partner, Morgan, Lewis & Bockius LLP
    • Michael W. McGrath, Partner, K&L Gates LLP
    • Linda A. Shirkey, Managing Director, Bates Group
    • Sanjay Lamba, Associate General Counsel, IAA

3:00 - 4:00pm

Get Prepared for the New Investment Adviser Marketing Rule – Ask the Experts: Concurrent Breakout Sessions

Panelists will answer your questions about the Marketing Rule. Send your questions in advance to iaalegalteam@investmentadviser.org.

  • Breakout 1: Smaller Firms
    • Richard D. Marshall, Partner, Katten Muchin Rosenman LLP
    • Mari-Anne Pisarri, Partner, Pickard Dijinis & Pisarri LLP
    • Janice Powell, Senior Compliance Consultant, Core Compliance & Legal Services, Inc.
    • Laura L. Grossman, Associate General Counsel, IAA
  • Breakout 2: Larger Firms
    • Michael W. McGrath, Partner, K&L Gates LLP 
    • Alpa Patel, Partner, Kirkland & Ellis LLP
    • Mark D. Perlow, Partner, Dechert LLP
    • Sanjay Lamba, Associate General Counsel, IAA

Thursday, November 18

1:00 - 2:00pm

SEC Exam Issues Related to ESG: General Session

Learn about what issues the SEC is focusing on in examinations involving ESG investment strategies and the steps that you can take to be prepared.

  • Marshall Gandy, National Associate Director, Investment Adviser/Investment Company Examination Program, Senior Officer and Associate Regional Director, Fort Worth Regional Office
  • Amy J. Greer, Partner, Baker & McKenzie LLP
  • Gail Bernstein, General Counsel, IAA

2:00 - 2:15pm

Break

2:15 - 3:00pm

Building an ESG Compliance Program – Portfolio Management and Proxy Voting Issues: General Session

Learn about key components of an ESG compliance program, including potential updates to your compliance program when adding an ESG investing strategy, the use of technology in monitoring ESG compliance, and proxy voting issues related to ESG investing.

  • Crista DesRochers, Partner, ESG Advisory, ACA Group 
  • Mena Larmour, Partner, Stradley Ronon Stevens & Young LLP
  • Rosa Licea-Mailloux, Vice President, Director of Corporate Compliance, MFS Investment Management
  • Sarah A. Buescher, Associate General Counsel, IAA

3:00-3:45pm

Building an ESG Compliance Program – Disclosure and Client Communication Issues: General Session

Understand what type of information is typically disclosed by advisers that engage in ESG investing and the types of information that clients may request about these strategies.

  • Lewis Collins, General Counsel, GW&K Investment Management
  • Crista DesRochers, Partner, ESG Advisory, ACA Group
  • Gwendolyn A. Williamson, Partner, Perkins Coie LLP
  • Monique S. Botkin, Associate General Counsel, IAA